ALGAR (ELECTRIC MOTORS) LIMITED
- · Oldest live charge 43.2y old — refinance window within 12 months
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
3 live charges · oldest 43.2y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 43.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Average employees | 1000 | 1000 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (27 events)Click to expand
- 2025-09-16📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-16📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-01-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-14➕LLOYD, Thomas Michael appointeddirector
- 2021-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2010-11-09➖GARDNER, Ronald Arthur resigneddirector
- 2004-04-15🔒Charge registered #3Lender: National Westminster Bank PLC
- 2001-04-14➕GARDNER, Colin appointeddirector
- 2001-04-11➕GARDNER, Ian appointeddirector
- 2000-07-30➖LEE, Ronald George resigneddirector
- 1999-02-01➕GARDNER, June appointedsecretary
- 1999-02-01➖LEE, Ronald George resignedsecretary
- 1998-02-15➖ALLEN, Victor Charles resigneddirector
- 1994-06-09🔒Charge registered #2Lender: National Westminster Bank PLC
- 1983-05-31🔒Charge registered #1Lender: National Westminster Bank PLC
- 1978-12-13🏢Company incorporatedAs ALGAR (ELECTRIC MOTORS) LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ian Gardner Individual · British · DOB 04/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/04/2022 |
Mr Colin Gardner Individual · British · DOB 04/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/04/2022 |
1 historic (ceased) PSC
- Mr Brian Peter Gardnerceased 12/04/2022· 50-75% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (5 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 15/04/2004 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 09/06/1994 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 31/05/1983 | — |